archiveJanuary 2020

World leaders, Chief Executives , Economists and Celebrities would on Tuesday converged in the Swiss mountain town of Davos for the World Economic Forum’s (WEF) annual meeting. This year, as the WEF marks its 50th anniversary, participants would address the prospects for trade and global economic growth. As well as...

  The Board of Unilever Nigeria Plc has appointed Mr. Carl Cruz as its new managing Director. He takes over the management and leadership of the company effective 1st February 2020. He comes with extensive career in Unilever D & E Markets in Asia (Philippines, Thailand, India and Sri Lanka)....

  The Supreme Court on Monday dismissed the appeal of the All Progressive Congress (APC) and its candidate, Ahmed Aliyu, challenging Aminu Tambuwal of the Peoples Democratic Party (PDP) as governor of Sokoto State. The seven-member of the apex court, in a unanimous judgement on Monday, dismissed the appeal for...

Former Vice President Atiku Abubakar has expressed support for the Western Nigeria Security Network (WNSN), codenamed Operation Amotekun and he has equally called for the adoption of community, state and zonal policing to complement federal policing in order to effectively tackle current security challenges facing the nation. Atiku, who was...

The Federal Government has included 20 basic food items, locally manufactured sanitary towels, pads and tuition fees relating to nursery, primary, secondary and tertiary education to the exemption list of goods and services on the Value Added Tax (VAT) under the new Finance Law A statement by Senior Special Assistant...

Access Bank Plc has announced its plan to acquire majority equity stake in Transnational Bank Ltd (TNB) of Kenya. The announcement followed regulatory approval given to the bank by the Central Bank of Nigeria (CBN) to proceed with the acquisition. In a statement on Sunday, Access Bank said it had...

The presidency had made public the breakdown of Finance Bill, 2019, which was submitted to the National Assembly by President Muhammadu Buhari alongside the 2020 Appropriation Bill, and signed into law by the president on January 13, 2020. The breakdown was released by Mr Laolu Akande, Senior Special Assistant to...

  The National Emergency Management Agency (NEMA) on Sunday said that two bodies had been recovered from the explosion site of a Nigerian National Petroleum Corporation (NNPC) pipeline at Ile Epo axis of Alimosho Local Government Area of Lagos State. Mr Ibrahim Farinloye, Acting Coordinator, Lagos Territorial Office, NEMA, confirmed...

  Flour Mills of Nigeria Plc has announced the issuance of N20 billion “in medium terms bonds subject to appropriate pricing.” The company disclosed this in its notification to the Nigerian Stock Exchange (NSE) on Thursday, signed by Joseph A.O Umolu, its Company Secretary/Director, Legal Services. According to the company,...

The Federal Government has said the commencement of the implementation of the new Value Added Tax (VAT) of 7.5 per cent is to take effect from February 1, 2020, after all the necessary administrative procedures have been completed, especially the Gazette of the recently signed 2019 Finance Act by the...